Monday, February 27, 2012

FINAL PROJECT:TARGET MARKET STRATEGY


The target marketing strategy is to market of the most used media of our target audience “the internet”. By using the internet it is low cost on promotion witch saves the company money. “listening [in order] to understand how customers are going to deploy the stuff they buy from us and use it to enrich their lives, … rather than worrying about selling the product. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation pg3”. By using the social networking side of marketing for The Chocolate Fat Pig the candy bar will become a happy treat because it will be most talked about.
“doing things right. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation” is what this company is trying to do. “Social marketing goes well beyond the promotional ‘P’ of the marketing mix to include every other element to achieve its social change objectives. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. By using Social networking we can get more in tuned with our target audience. So if one aspect of marketing doesn’t work we can make quick changes to best fit the interest of our target audience. Our target audience will not have a choice but to buy this product, people want to try the most talked about things in life social networking will let this candy bar live as long as one person is talking about this product it is going to live on, and wont fail. The candy bar has a very catchy name “Chocolate Fat Pig” our marketing is first about the name second about the package third about the taste. The reason of that order is people are going to say the candy bars name then look at the package then taste. We’re not going to “Take the product as is and find customers for it. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation.pg28”. That’s not our approach, the target marketing approach will not fail because the future is the internet. The Chocolate Fat will only use one media the internet. Market Strategy is “Long known for crunching numbers and being statistical gatekeepers of the marketing industry,” says one marketer, “market researchers need to shift their focus toward listing in developing ideas better on the front and away from ‘feeding the metrics monster.’” Beyond conducting surveys and tracking brand metrics, “researchers need to employ softer skills. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation pg 26”.

FINAL PROJECT:SITUATION OR SWOT ANALYSIS


SITUATION OR SWOT ANALYSIS
Strengths
            The Strengths is the internet because “it’s easier to disseminate information through e-mail marketing, blogs, and online chat,” notes an analyst, “public relations is becoming a valuable part of doing business in a digital world. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. 10. Pg48”.
Weaknesses/Limitations
            The number one strength of the marketing is the internet but it also can be a weakness because we’re giving the consumer full says so in the marketing plan.
Opportunities
            “Growth is pure oxygen.” Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. Pg 13.The Opportunities are limitless because of the internet the marketing will adapt to the consumer if the consumer wants stuffed animals. “It creates a vital, enthusiastic corporation where people see genuine opportunity. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. Pg 13” The company will be more than happy to take the angry birds effect. There’s “profitable growth. Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. Pg 13” With the Chocolate Fat Pig.
 Threats
            The threat will be if another company tries to take the same approach.

FINAL PROJECT:OBJECTIVES


Financial Objectives

  • ·       Growth in revenues
  • ·       Growth in earnings
  • ·       Wider profit margins
  • ·       Bigger cash flows
  • ·       Higher returns on invested capital
  • ·       Attractive economic value added (EVA) performance
  • ·       Attractive and sustainable increases in market value added (MVA)
  • ·       A more diversified revenue base

Market Objectives
  • ·       A bigger market share
  • ·       Quicker design-to-market times than rivals
  • ·       Higher product quality than rivals
  • ·       Lower costs relative to key competitors
  • ·       Broader or more attractive product line than rivals
  • ·       A stronger reputation with customers than rivals
  • ·       Superior customer service
  • ·       Recognition as a leader in technology and/or product innovation
  • ·       Wider geographic coverage than rivals


FINAL PROJECT:BUSINESS MISSION STATEMENT

The mission of The Chocolate Fat Pig is to bring the real meaning of chocolate back. chocolate is not just a tasty treat but should be enjoyed in different creative ways. “We believe in using business to inspire solutions to the environmental crisis.”(Kotler, Gary Armstrong and Philip. Marketing: An Introduction for Education Management Corporation. page 44 Chocolate has been done the same for years. The chocolate fat pig will be a must have thing in every house hold. The Chocolate Fat Pig franchise will be targeting the fearless minds teenagers to mid 20's thats not afraid to try something new. The Chocolate Fat Pig will not only be about chocolate candy. The Chocolate Fat Pig franchise has developed a smart phone game app called The Chocolate Fat Pig, Chocolate Fat Pig Stuffed animals and clothing.

Tuesday, February 21, 2012

EOC W6


Chocolate Fat Pig

"Release Your Inner Bacon. The Real Chocolate Treat." Fire Honey Roasted Beacon That Lives Inside Soothing Creamy Milk Chocolate.
     The Chocolate Fat Pig Will Be Packaged In A Pink and Brown Foil Type Rapper. I Choose A Foil Rapper Because I Want The Rapper To Be The First Seen Out Of The Top Leading In Candy Bars. On The Front Of The Rapper It Will Have The "Chocolate Fat Pig Logo In The Center And On The Right It Will Have A Season Shaker With Bacon Bits Inside.
     The Chocolate Fat Pig Will Be Sold In All Major Food Stores And Gas Stations.    As A New Product In The Stores There Will Be A Promo Sale Of The Chocolate Fat Pig Will Be Priced At 60 Cent Pre Pig.
     The Chocolate Fat Pig Will Have The Best Soft And Creamy Milk Chocolate Design To Enhance The Bacon Flavor And Melt In Your Mouth.

Monday, February 13, 2012

EOC W5

THE GUY IN THE PICTURE IS E-40 THE RAPPER. THE 3 PEICES OF CLOTHING THAT DISCRIBES ME IS THE BLACK SHIRT, AMRY HAT, AND AMRY JACKET. I LOVE THE COLOR BLACK AND THE WORD " BLACK" MEANS A LOT TO ME.  http://hiphop-n-more.com/wp-content/uploads/2011/05/e-40-5.jpg

midterm eoc


People and companies are turning towards social networking to get jobs. Companies are using it because they could find out more about the future employer. LinkedIn and Facebook have a place where you could put your resume on your profile. Social networks are a one stop for jobs a social network offers a true mental assessment test instead of the preset questions. it allows the company be get more knowledge about the future employee that they would like to hire. “Facebook’s use as a job-recruitment tool remains small, but its appeal may be growing. Some recruiters say they have all but eliminated their spending on job boards, which can charge a few hundred dollars per job posting, Depending on volume. Others note that while LinkedIn contains a more comprehensive résumé database, Candidates tend to value referrals from their connections on Facebook more."
Job recruiters can also look at who people talk to and know on social networks to make a personality match.  That way a company can get a better accurate match. As the number of job postings overall has bounced back from the depths of the recession, Monster's core job
postings businesses have benefited. Revenue in the second quarter at Monster Worldwide Inc. rose 25% to $270
million from the prior year.”